REGI￿ERED COMPANY IYUMBER: 077332911 (Engl•nd W*les REGISTERED CHARITY NUMBER: 1144383 Report •fthe Trnsttes #ttd Flth*ntknl Sthtemtnts lor the Ye•r E•ded 31 A4g•5t 2025 for HLAS Awjit Limited Suite l. The RIve￿ide Buildin Livingsione Road Hessle HU130DZ PimewoDd Gymn¥tics CINb IAThited Cwitents of ihe S¢4¢emexts for the Yur Emded 31 Aygust 2015 Pw Rqbort of tkeTTu#e¢s I to 12 Report of the IDthwde*t A•dltors 13 to 16 S¢*temettl •f Aflivities 17 B*l*nct SI￿et 18 C•sh Flow Sta¢emeA¢ 19 N•¢es to the C*th Flow Slilemexl 20 Noles to tl¢ St•t¢meuts 21 to 34 Detslled St*temettt of FltsathrS1l Aetivhies 35 to 36 Plthtwo•d Gy￿AlItieS Club l￿￿thed Report Df tke Tr•stees lor the Yexr 31 A￿￿$1 2025 The trusiees ate alw directots of the ¢harity for the purpses of thc Compani¢s Act 2006. present their r¢￿tt with the financial 5tstements of the chan'ry for the yw eThJed 31 AugLLSt 2025. The trustees hav¢ pdloptcd the Provisio￿ of Accounting aThl R¢EM)rting by Charities.. Staienxnt of Re¢0Mn￿ Ptath"ce applicabl¢ to charitie5 preparing their accounts in accordance with the Finan¢ial Rewting sta￿lard appliclble in the UK aThJ Republic of ITelaThl (FRS 102) (effcdiye l January 2019). The Trumees have had (tsle rcgard to the guidaTKe publish¢d by the Chariiies Commission on Public Benefit. Specifically, the Tr￿lee5 have operated the charity with due regard io increasing costs and ensunng that any fec increases have been m¢awr¢d so &5 to eDSure the sustainabl¢ opcrntion of the club Whil￿ balancing the objectives noted below. Furth¢r detail on this is found laier in the do¢uDJcnl, &s are the club's obJ¢¢tiv¢ and adivitics. Thc Tn￿te¢S also IM)Id a regard to CC I CCNI Guidan¢¢ in relation to Public BenefiL The legal name of th¢ ¢harity is. Pinewy)d Gymn￿ticS Club Limited. The clwrity is also kmown by its operating n•n*. Pinewood Gyinnastics Club. The ClJaTity 0￿rateS in England & Waks aThl is r¢giswed with the Charity Commiwon whth nutTI)Er 1144383 as well as Cojthpallies House with number 07733290. The Report of the Tntstees also fonTrs part of thc Di[￿10T¥ Re￿rt. Pag¢ I Report of the Tr•stees for the Ye*r Eided 31 Aryg￿t 2fj25 OBJEcfivLS AI¥D ACTIVITIES Objeetlves The pllrpo8es of the th*rlty are set in its E•verning doevmtnt The charitAble purrrfws of Pin¢MM)d is the pronM)lion of Community participation in he•lihy recreational activities in general and in panicular. ThE Xtivitie5 ￿lSed by al￿ fa¢iliiies PTovided by Pinew(rf)d att open the otnmunity as a wbole. The *ttiYities ￿nde￿keD in relaii•m tTr pin>oMs during the year The Club's main activities are the provision of pre4¢1wVrttreaiional cias5e5 for children from the of OTh¢ to adult. This covers begnn¢rs up to advarted IEveb. class￿ schedul¢d ¢very weekday from 9..30am to 10pm alld Satutday mornings from 8..30a￿L Sund&y ￿￿)Ming09..20 until I1..55. The Club has three clile disciplines that ¢aw ￿ tslen*d dium. The aub Squ￿ m*J¢ an inwi ai the National Fina￿ deliv¢ring impressive roulines and bringing hom¢ m¢dals. As we reflecl on this in¢Yedible season. w¢￿e prowl of the hard worK dedi¢atioN aThl pa&sion showil by our gyiilliasts and coaches. H¢rc'5 lo an even strot)ger yrar ahe*ll Fundrxlslmg activitiu duriag Ihe yexr •nd perforN￿￿e d•rltte the ye*r *g*1Th￿ objettlyu set We hebj our antwal ExtravaganzA pwfomynces in Decenkn 2024 In the suttryr w¢ held the Pinewood sUnU￿r chall￿t which rdised £2.660. We heid our Autumn Recreational Club Clwltsnshl￿ which taiseAI neady £4,800 and ow JuDe 2025 Club Championship$ raistsl wrty £9.8(X). e di(ferenet oftht ¢h•rlty'% perform*nte during the yur. h*$ to the be•efiei•ries of the tbarlty and the degree to which the Afhi¢Yemwits ￿rf•r￿MM¢t dllrl*8 year have bt•efited wld¢r sodety We have supp)ttrd coa¢h&% fllwKialty with their coaching 9￿]ificatiOn$. Pinewo(wJ have visited local pte-schooLs to eDabk children to S￿icS a yowigerage. Tht 4nifieant charitabk aetivitie5 ulldert*k¢• kn the year The Club's significant charitable activities are eiitt and ffxreati￿l classes. How the aehltYemelll% durlmg Ihe year Measu￿ up to the •bJeetlveJ set All the objec11v￿ set previously have been nyt this year. Pittewood Gymastiu Cl*b iANit¢d Report of tbe Trwstett for the Ye*r Ended 31 Aug￿1 2•25 With regards io Pinewoo&s objeclive to cnsure clas￿5 are at maAimum Capacity. Cla5se5 arc ronslantly rcvi¢wcd throughoui the year. Any spare 5pac¢5 Jre filkd from ihe waLting list. This is nKasurcd againu the budget which is cotnpleted in the Sumtt￿r and agreed by the ljoard of dircctot5. club's objcctiye 'ihe Prom￿lon of ¢ommunity panicipation in kalthy reaearional faeilities in genelzl and 8yrnnasii¢s in particular" has been fulfilled during the year by Pinewood providing cl&%ses for local school& visiiing local pre-schools and holding competitions at Pinewood. Key Performance IDdlcAtors Number of Gymnasts." th¢ club bwlgets and mnitor5 the avcragc nuth of gyny)asts throughout the year. By the end of August gymnasis numbcrs werc hi8hcr than budgdd. Ckn are wuxlly fvll and a waiting list is kld by the ¢lu¢ and any spare spaces are filled from this list. Fina￿la] Pcrfornunce". Thc club monitors it iM)me. ¢xpaKlity￿ and profitability on a nM)nthly basis wlJTrch is compartd against the annual budgei and r¢vi¢wed by the IM)ard. Employee Rdeniion." Retention aThl enha￿ing the qualification of ernplow 1$ very imp)rtanl to Pinewood. ￿"A¢wOOd has low stsff tu￿¥tr of etlyloyees over the ag¢ of 18 aThl will invest in ernployce5 training requirements. Pinewood encourages coaches io contitwe their professio1￿1 ¢kveioprKDt by compleling wjditional qualifKations. Report t)f the Trnstees roT the Year Eaded 31 A¥gwt 21125 STrATEGIC REPORT Flnanelll revlew Fithan¢l•l posltlo The financial position of the charity at JI Au￿1 2025 and c(XNPTativcs for the prior periol as more fully thtailed i the a¢¢ounts. Can be sumrnarised as follows:_ 21125 2024 N¢t It)com6(Loss) 61.788 51.901 Funds of th¢ Ch•rlty Unrestrtcted Revenue Funds awdilable for the 8encral purrrfTrsc of the tharity Desigtrkited R¢vcnuE Funds 872.748 25.IMM 411254 424.706 To¢*1 U*restrkled 897.748 835.960 R¢s¢rl¢ted Reve#•e F￿nth Total F•*di 897.748 835960 The trustees con5idEr the financial perfonDIn￿ by the clwity during the year io have been satlsfxtory. Incoming fimds. mainly from the sub5cription5 from men4Jers and fees for ¢oxhing, werr boosted by additional r¥J5 from fU￿1rdiSing activities. hire of the gym io exiernil parties and tlK sale of gyTn relaled twrhaThJi5e and lothmg. Totsl I￿ome from all aciiviiies w#5 £1.105k. During the year urtd￿ review. and as ¢xWcd last year, a signif￿an1 ploportion of reseThes were S￿￿1 on Tepairing the rty)f of Gytn 2. upgradin8 Gym 2 and ihe ¢quipnxnt wiilllo ii. Gym I has a150 been rcfithi5hed this year. The Club I de¢ided ro designate £25.(Kl) in this financial year to 80 iowards any refUTbtshT￿nts capital expenditure over the nexi 12 months. There are no si8nificant ¢v¢nts this 1%8r that have affected the ruw￿1*1 wFosmarKe aNi the fina￿1•1 positiort but Pinewood ¢*xs have resetves of an ernerger￿Y &$ reserves p)li¢y. Page 6 Pin¢wood Gymtt**ties Cknb Limited Report of the Trnstets f•r the Year Ertdtd 31 A¥gysi 2025 STtL4TEGIC REPORT FiTh*nelal revlew Reserves pollry The irusitts have exami]￿d the chariiYs requirements for reseryes in light of th¢ main risks lo the club. The club's policy for r¢s¢rv¢$ 1$ to COVeT Ixyth ordinary WOTking Capiial wuireÈMits and any 'unfore5ecn ciirumstan¢¢s', which our insurance policy do¢snl ¢o¥¢r. The w)licy ako covers foreseen circurnswes by continuing to invest in replacing equipment Ihai has rcached ￿ end of ils lifr or 15 ￿ longer suiiabl¢ for ils purw. The club has released all previous deSi￿led excw for £25.OIMJ, back into Unrestr￿ted reSe￿¢S wilh the underslatKling that Ihes¢ hav¢ TX)w seryed their int¢ndcd purrATrse. The trffts have h*d regard io the guidance issued by the awity coM￿ls$10n in Engiand & Wak5 that uThie&s there arc unusual factoTh it is r¢asonable io hav¢ free UDtestricted rcserves equivalent to 3 tllonth's of ewnditure. Based on these •¢cowits. thai would ithJi¢at¢ a TequirenKnt olapproximatcly £260.910 befo￿ accountin8 for unforcseett circun￿tar￿e$. Th¢ r¢s¢ryu of £260.910 are ncedcd to rt*et the working cwital requiren￿tS of t]K charhty and the ty￿￿ee$ are nfldent that ai this level they be able to continue the current activitiC5 of the ¢han"iy in th¢ ¢v¢nt of a si8nificant drop in funding. The free urtr¢stri¢ied reserves iDdicaknl by these accounts wouhj be £872.748. with a fi￿£25.[￿K• dc5ignaied and set aside for capilal requirements. The reserves policy is reviewed on an annual ba5i5. AvAi18bility adeqwaey tsf a5￿ts of e#eb of the fumds The boaAI of trustees is Satisfi￿ thai tbe clwitrfs assets in e8ch fimd are available and adequate to fulfil its obligations in respect of each fvnd. The ongoing eco[￿mie po$ition affe¢ied the thke up of Son￿ classes which w75 managed by ¢￿$ to the pawt l¢rm5 offered 10 oijr CL￿10MerS. Going Confe As at the end of Au8USt 2025 Pinewood is a going Prln¢lpal f¥ndlnt sources kn the ye*r thue sw>port the k¢y gbjedives of the tharlty. The ¢haTitys fiNlin8 is principally sourced frorn coKhing fees with ￿lItional fi]TwJing sourced from fiLndraisit)g a¢livilie5, hirin8 and parties. Coaching ftts are dir¢¢ily relaied ￿ the objectivc5 of the Charity and allow the eharity to provide the highest possible standards of coaching lo our Trtnjbers. The addiiiwl fundin8 5tream5 are used ¢0 purchase new equipment and contribuie toward5 tAvel io ¢(thwitions gynwstics events. Prln¢lpal risks VD¢¢rt•intie The main risk to pinewo￿ is another patMJemi¢ Mthich would n￿n closure of the facility and th¢r¢fore ￿ irKome bui Still pomiial out goings. Altl)ough unlikely to happen again Pinewood (kn¢s have reser¥e5 to support it. Page 7 PAlltw•od Gym7•5tics Clwb L4mit Report of the Tr•stees f4)r the Year Exded 31 STRATEGIC REPORT Futsr¢ plAIi3 Tht activities of the Club are led by the derna￿ of ih¢ lo¢￿ comTnunity" the Club will continu¢ to respond kn the needs identifi¢d by I￿al and n*ional research. io provide a progr8m￿￿ of events to meet demA￿j. The Club's primary aim 1$ 10 continue io wovide quality coachin8 in all fi¢lds of 8￿% 8ThJ to SUp￿rt youn8 children to help them realise theÉr potential in the field of gyTrwi￿. We ar¢ lod(ing at Wdys to inyove thc sustainability of ow buildi￿ for the fkn and b8ve re¢ently had a thern￿l Up￿de donc in the elite gym th r¢du¢¢ ourcall￿n fo(tyint. F8ttfjrs l*ety to iry>•¢¢ tmtwre flo*•ei*l ￿rfOrn￿thee or p•siti• The government has introdwed addiiional OJtbJing for JKe-scIMM)I childr¢n which means Kin¢krgym children may attend pre-school rather than classes. Howev¢r, Pinew¢)od have been proll￿11￿g KiTKlergyrn arml hav¢ noi seen a signifKant fall in jw￿¢[S. sTRucru￿ GOVERNANCE AND MANAGEMENT Governing docUD￿￿t The Charity is controlled by its governing dl￿￿. a de&4 of aThl ron5titulcs a limited compny. limited by guarantee. as defined by the Conyani¢s Act 21X)6. Recrultment and *ppoi•tmext Of new tnule TtU5ttes are generally parents of the Com￿lI11ve gyThnasts ore recruited throll￿ word of nKJuth when a vacancy is availabl¢ on th¢ IM)ard. If necewry. ￿ also adYertis¢ a Vacant ￿51110n through wial media. The board int¢rvi¢ws th¢ ￿l¢ll¢la1 TA￿1¢¢ and a de¢i$ion is nmde based on tr*ir $uitability for the posilitsn. OrgAnlx*tloD*l gtru¢tsre The Club Manager 15 reswnsible for thc thY4{￿Y nmning of th¢ Charity JTMI ryrts directly to Ihe boatd of ryyst¢e& The Director of C(*hin8 reports into the Club Manager. The heads of discipline ￿p)rt IT￿) the Directw of CoachiD& There are 6 l*ads o(dis¢ipline. The Adtnin Managerand the Club accountant aLw [t￿rt into the Club Manager. The Club Mar￿8¢r L5 thc head of the G￿stICS Club. Pinewood Iw a senioi leade1th￿ team comprising of the Club Manager. Dirtttor of Coa¢hm& Head of Re¢reationaVDcvelopnTht GyiDnastics, Club A¢¢ounthni 4fyJ Office Manager. Key Mgn•genKnt Per￿￿*¢1 Club ManageT- David Drablow Director of cO￿h]n8- Natslie Reeve AdminlOffi¢e Mana8er- Sally Cow4n Club A¢¢ountant- Catheritt Lowe Head of RedDev GJThTha5tics- Katie &>uthey SeDiof TrAm4emtnl pers•llnel to d*y44￿￿Y dekg#ted The day-t041ay managtnxnt of ihe Club is delegaled ￿ the Club Manager who has set ￿ a Senior mana8¢meiit team that dis¢ws day-1041ay issues. DeclsloTh m#l(Ing The Irusttt5 0￿e a ￿nth for a board meeung 10 djscuss i&wRs swce5se5. The t￿lIng is minuied aThJ aciio poinis are raised actiODed if [K￿lbIt before th¢ nvling. Page 8 Pillewood Club L4miled Report ofthe Trnmees for the Ye*r Ended 31 Aug4￿ ZI)2S STRUCTURQ GOVERNANCE AND MANAGEME￿￿ Induetlon Ind lrniniig of try51ees All board rol¢s have a task da￿rIptIon reviewed annua]ly or a new member is recruilEd. Before conuniiiing to become a they ue encouraged io me¢t the CUTr¢nt Ix)ard of tr￿￿tees. Ir il were a di￿1 repla¢ement for a eurrent trustee rol¢. we would en¢ouTage th¢m to sta time with the current tr￿1¢¢ io ensure a $￿ceSsful handover. In the case of ihe treasurer Mvuld be encouraged to tinr with the Club A¢¢ouniant to familiarise th¢￿selveS with Club pThxcdures. Key WD*gement remuneratio The set tlK pay of key management p¢rsontKI based on p¢rfornwKe and irwjusty avetag¢& Wider Thetwork Pinewood Gynmastics aub Limiied is affiliated to British GY￿￿1￿$ aThl Southem Region Gyiw5ti¢5. R¢l&ted psrtl¢s In 2025. Ihe Club Managers Eod daughter carricd ¢Jut a aid eveni ￿ PiTmV(M)d. The Club paid £3.43] (2024 £2234) to Ir￿pIred 4 Life (8od daughierfs cowy). Fow Pin¢wood cmployees are relatcd to two of the I￿￿tts athl inline with rats approved by the b(wd. The Club Manager and a Coach run ihe BeTkshite County Gynwsncs Associati(Trn. The a&wciatiOlI nms two evems al Pinewood during the year 2ThJ PIneW(￿d charge them for hire of the gjin. all rntes aThJ Charges are at arn￿ len81h.. A previous chair. Peter Holbrow {r¢S1￿￿d I I September 2023). is thc director of PollnMM Electri¢al Services Ltd. This company quoted for and w 5elttled lo Ca￿ out rerrKdial clectricaE at PinewTh)d in the year of £nil {2024 £9,744) all wotk was glloted for at arn￿ length. Major risks in relation to the ab(>ve have bttn reviewa aml systenLS and priKethir&% have been establish¢d to manage these risks. Page 9 Pltttwotsd Gyma*#its Chb L4mited Report of the Tr￿le¢S for the Year Emded 31 Augwst 2025 STRUCTURE, GOVERNANCE AND MANACEMENr tkgal ￿ruCtUre of the ch*rity Pinewo￿1 GynWaSti￿ Club Limited ("the Club") was establis1￿ &$ a ¢iJryaDy limited by guara￿. i]Korporated on 8 Aug￿1 2011. and 15 governed by the Menx)raDdum and Anicks of Association. altered under special ffsoluiion, daied 28 A￿8￿$t 2012. Charity conunission approval ￿ the regisNion of the nEwiy [on￿d company limited by guarantee as a clMTity was received on 21 (ktobcr 2011. Membership of the Con4Mny is Opcll to all iTrJividuals, provided th•1 they are aged 16 year5 OT oycr. The liability of each is limkted to £1 (one p)und serling). being the wMJuTht that eacb nKmbcr undertakes to ntrilMLte to ￿ a&fets of th¢ ¢ompany in the event of w￿￿nd up. &$ defined within the Ani¢les of AssocTration. Pinewood G)￿￿SlieS Club Limited was a dornw)i con4Mny to the 31 Aus￿1 2012. On I Septernber 2012. the pnjtty, ass¢is and the unde￿g of PincwtK¥I Gynma5tics Club. a r¢Bis*red chority, were transferwd to Pinewood GyTh5tiu Club Limited. &$ a 8oinB conc¢nk PineW0￿j GYn￿$[l¢S Club Limited ceased to be d￿MI￿ rm I Septen*r 2011 atyj rontinued thc tradin8 activity of Pinewoimj GynMJa5tics Club. By opeiaiion of law all trustce5 are di￿10￿5 the Companies Art 2(K16 a￿1 all diTectors we tnJ51rt5 ￿der Charities l¢gi$lation aThJ hav¢ responsibilitie& as SUC￿ under both company and ¢han"ty legtsiatioll. The truske$ are all itknjividual Page 10 Rep•rt •f the Tr•5te¢s C•r th¢ Yur Ended 31 August 2025 REFERENCE AND ADMINISTRATIVE DETAIIS Registered Company Number 07733290 (En￿nd aThJ Wales) Regls¢ered Ch*Aty Nunthr 1144383 The priDcipal oper*tin¥ #ddre¥& tekphowje fj¥mber t￿11 web addrtsses of the ¢hArity *re:_ Ut)it 6a Pinewood Centsc Old Wokingham Road. wokin￿M Berkshire RG40 3AQ Telephone 01344 773237 Email AddTess eJwuiries@l)incwoodgyrnstic&co.uk W¢b address http.'/Awww.pincw¥J0dg￿lc$.co.￿kI The registered office of the clwrity for Conwanies Aci pu￿ is the sarne as the Ope￿ing address alx>ve. The lollowlnE p¢rsfjns served #5 Tr•stees dur1￿ th¢ ye•r ¢nd¢d 31 2025 :_ Helen Walte John Lowe Jason YujTV)vich David Dickson Dominic Bl(h)d {resigned 17th September 2024) Daniel Neal (resigned 29th July 2025) Sarah Flethvood (appointed 17th Septeo)ber 2024) Pippa BJ"doui (ap￿ID(ed 20th kptekn 2024) Company Secret•ry Jokn Lowe Trn$tees as Jnentherg ¢Jf the ch*rity The following ttiJste¢s are ajso meth of the charity: Helen Walters JohTh Lowe Jason Yujnovich David Dickson Sarah Fleetwo¢NJ Pippa Ridout Audltors HLAS Audit Limiied Chartered Accountants and Stathtory Auditors Suhte I The Riverside Building LivingsloThe lioad He5sle East Yorkshire HU13 ODZ Pagell Pitsewmd Gymmastics Clwb IAmit¢d Report orth¢ T￿￿¢¢9 for the Year Ended 31 Avpst 2025 Bgnk¢Ys HSBC, 29 High Str¢eL C3n*ttky. Surrey. GUI 5 3RE Uoyds Bank plc. 7 Carter Streei Uttoxetrr. ST14 8HD Ald¢rn]ore, lu Floor. B1￿k B. W¢s*Tn Ly￿h wi￿. PctcthoT￿￿ PE2 6FZ United Tnw BanL l R￿Mm￿tr StreeL Lonth)rt EC2Y 9AW Cambridge & Counties, Chamwood Court. 5B New Walk. L￿CeSt¢r, LEI 6TE STATEMEIYT OF TRUSTELS. RLSPONSIBILITIES The trustees {wkn ar¢ also dir¢ciors of Pinewo(*J Gynwthcs Club Limitcd for the purposcs of company law) are responsible for prcparing the Report of the Trustets and the finwial in accordarKe with applicable law and United Kingdom Accounting Standards Wnitrd Kingdom Ga*rnlly Attepted Accounting Pra¢tice). Company law requires the thLStees ro prepare wtements for each fuwKial ye4T which giv¢ a oue and fair view of the stste of affairs of the charitsble company and of the incomiog Tesow¢es and apylication of resou￿¢$, including the income cxpcnditure, of the charitabl¢ ¢ompany for that pcriod. In prqyaring those fuw)ciil stsIenM￿ (he tn￿te¢S aye required to ci suitable a¢¢ounting policies and then apply thcm coThsisteMIy, observe the ￿￿thodS and principle5 in the Ch￿lty SOiiP: nwke judgements and ¢sti￿￿te5 that are reasonable and pr￿ state whether applicable accounting StaM4arth have been followed. Mbject to any mat¢rial deparnm disclosed ¢xplain¢d in th¢ finarKi315talements.' prepare the financial statements on the going Cotwn basis unk5S it is lilapp￿rig[e to ptesume that the ¢harithble company wll Contimuc in businc55. The tn￿let$ aTe Tesponsibk for keepin8 prnper accounting recored by the Comp*ttles Ael 2006 In ollr opinion. b￿ed on the work undertsken in Ihe course of the audit: Ihe infomuiion given in Report of the Tr￿$1￿5 for the financial y¢aT for which the financial Ststements are prepared is consisieni with the finatKial Stalen￿ts. the Report of the Trustees has been prwed in accordance with applirnble legal requirenxnis. Page 13 Rqbwt of the Ind¢pewk•t A•di¢•)rs t• tht Methrs of Pillewood Gymn*stlcs Clllb limited M*ttern *hi¢h we #re reqwired to by except In the lighi of the knowledge and undeNaNJing ofthc charitable company its environm￿1 in the courx of the audil. we have not identified material mi%ststenKnts in the R¢port of the TTltstees. We have nothing to rwrt in r• of the following Tth(e the c￿￿￿￿.¢9 A¢t 2{￿ requires us to tewt ro you if. in opinion.. adequate accountiD8 records have ￿)1 b¢eD k¢pi OT adequate for ¢Mr a￿1￿1 have not b¢¢n rKeiv¢d from branches not V15iied by u5." or the flnancial 5tsterTMts arc Mi in a8reenKnt with the rnting rttords aThl rciurns. or certain disclosures of trustees. remuneration 5pccified by law are made,. or have rdjt received all the infonnaiion 8ThJ ¢xplanaiious we require foT D￿r￿dI¢. Responslbllltlej Of trusttts As ¢xplained nk)r¢ fully in ihe Sthten*th of Trustee5' RewtLsibilili4 th¢ trwe¢s Are •lso the directors of the charitable company for the purposes of company law) art responsible for the p[qmrdti￿ of th¢ fwsarKial ststements and for being satisfied that they Bive a and fair view. and for such int¢rnal ¢ontrol as the tsu5*es detertnille is nece55ary to eThable thc preparation of fuJat)cial srarements that are free from rnatcrial misstatement, whether due ￿ fraud or error. In pwaring the finaKial statements. the are res￿l￿1b1e fv assessing the ¢haritabl¢ CoM￿n￿$ ability lo continue as a going concert4 disc105ing. a5 applicable, matters r¢l&t¢d to going concern ond using the 8oin8 concern basis of a¢¢owMing wil¢ss the mjstees either miend ￿ Iwumlate the clwitable conwany or ￿ cease cyerntions. or have o realistic alternative but to do 50. Page 14 Report of the IndqKodemt Auditors to the Members or Pinewwl GyTruwtl¢s Clwb IAmiied Our responslbllkks for the •udit of th¢ fin*ndal 5f#terntnts Our objeciivcs are to obtain reasonable a&%urarKe aboui whether the finwial sthiemenls as a whok aT¢ free from material tnis51ateTnent. whether due to fraud or eTror, and ￿ issue a RcpDrt of¢he lThl¢peThlent Auditor5 that includes our opinion. Reasonable assurance is a higb level of asyjrantt. but is noi a guaranlee that an audil conthirted in accordance with ISA5 (UK) will always de*¢1 a mai¢rial rnisstaiernent when it exi515. Mi55tr*ments can anse from fraud or error and art conside￿d mai¢rial if, individually or in the a88re8at¢. they could reasonably be expected io Infl￿nCe ihe economi¢ de¢isioDs of uscr5 taken on the basis of these finan¢ial Slate￿￿nts. Extent to which our prnccdures are capable of dete¢iing I￿¢g￿larItIeS i￿luding frI￿j.. Irregu13ri1ies, in¢luding fraud. are instances of Th)n40mplianc¢ wth laws and regulations. We d¢sign pr￿ed￿re5 in Isne with our responsibilities. ouilined atK*ve, to deteei material misstatetTKnts in iespeci of iTTegulariiie& including fyaud. Our approach to identifyin8 and &swsing ihe risks of ma*rial misstrtenxnt in re5PeCt of intgularities, i￿1￿ling fraud was a5 follows.. - The enwdg¢nKnt parther etwJr&J the engagement team ¢olledively had the apbYopriai¢ competence, capabilities and ski115 to ideniify or recognise Mn-eompliance with applicable law5 regulalions. We identified the laws and re8ulalions applicable to th¢ company through discu55itsnS With dire¢iors and othcr management. and from ow commercial kmwledge and cxperience of the sector im which the company opera¢es' - W¢ fo¢wed on specific law5 and regulations which we ¢onsid¢red may have a direct impxt material effect on th¢ financial statemenw or the operations of the company which i￿luded the Companies Act 2006. taxation legislaiio data prol¢ciion, anti-bribcry. emplo￿nt. environrnentsl aThJ health and safety k8Lslation: - We assesstd the ex¢ent of compliance with rhe laws atwj regulahons ideniifKd atr￿¥e through making enguiries of Manage￿￿1 atxl inspeeting le8al Corres￿ndenCe. and - Identified laws artd regulations were Cornmu￿aled within audii *am and th team ternaincd alerl to irtsran¢es of non.complianc¢ through0￿ the awlit. We identified the greatest risk of material iwl on the fin￿￿18] $ta*ments from irregularities. including fraud. to involve the complete￿￿ at¥] tlmitig of intome recognition and the ovcrride of Contro￿ by m)nagemeni. To address the risk of fraud in relaiion 10 revenue rw)gnition. we.. - Perfonned deiailed $ubstanliv¢ testing to addTe5s complelcne5s aTwJ ac¢ura¢y of sales. - Assessed the appropriattne&s 3￿j application of the aCci￿Aun8 policy concerning incom¢ recognition.. aThJ - Performed dethiled cut-off iestiDg either Slde of the balance stleei d*e. To addrt&S the risk of fraud ihrough manageff*Tht bias and overndc ofcontrols, we.. - Perfomi¢d analytical procedures to identify any unusual or unexpected relatiotthip5: - Tesied journal entri¢5 to i¢knlify unusual traLsactio - Assessed whether j￿18¢￿￿n￿ arml a5￿.0￿S in drfem)ining the accounting esiimaies were indicative of poiential bia5- - Investigated the rniionale behind si8nificant or wiusual ttansaciiow. Because of the inhereni limiraii0Ths of an audil. thtte is a risk ihai we will noi detect all irtegulariltes, including those l¢ading 10 a malcrial mi55tateTneni in the finan¢ial statrm¢nrs or ￿n-ConvI18￿C with regulaiioTh. This risk increase5 Ihe more thai compliaD¢e wilh a law or regulation is Tert￿¥¢d from Ihe events and transaction5 refle¢ied in the fjnancial siiiements. as we will be less likely io be¢ome aware of IL8[a￿es ol non-cornplian¢e. Th¢ risk is also 8reater regardin8 irregularilies o¢¢urring due to fra1￿ rather than error. as fraud involves ith*ntional cO￿taIn￿Trt. forgery. collusion, omission or misrepr¢seniaiion. A further d￿¢￿IplI0￿ of our respoTL4ibilitics for a￿di¢ of ihe finatKial swements is located on the Finan¢ial R¢portin8 Council's Eb5itc ai: httpsJlwww.frC.org.uk￿Ur-WOrklAud1￿AlldIt-#nd-tS$U[a￿ceSth￿dards-and-guldanCeISta￿rds.and-g￿dèn¢e-for-aUdiI ors/A￿LIt0Ts-rcSPorIsLblji1le$-ftsr-audivDcs¢riptloA-0r-2￿Ii￿Ts-￿￿ponSIblI1lIes-rol￿udi(.0Spx. This description fom part of our audiiorfs Tepon. A firther description of our responsibiliiies for ihe a￿11( of the finaTKial s&i¢ments is located on thE Financial Reporting Cou￿11.$ w¢bsiie at www.frc.or&uklauditorsrewnsibilities. This de5CriPtion fom* part of our Report of the It￿epe￿Jenl AuditOTS. Page 15 Rqjort ofth¢ We￿1 AwlitWS to the Menkn of PiDeTvood Gymwstics Cl4b Umlled Use of our report This rerd)rt i5 rnade solely to the charitsbl¢ Convn￿$ as a iKKly. in acconlance with Chapter 3 of Part 16 of the Compani¢s Act 2006. Ow audii work h&% been undertaken so thai ￿ mI￿t sla* to the charitable company's m¢nth¢r5 those njatters we are rcquired to state to them in an audi¢OfS' report and for ￿ other plwse. To the fullest exlcni pern)itt¢d by law, we do noi accepi or assuJDc rE5p)￿1bIlity to anyor£ other than the clwt'¢able conyany and the d￿"￿table company'5 rnellthts as a ix)dy, for 0￿ra￿￿"1 for thL"S or for th¢ i)pinions we have forn￿d. Laura J D￿W (Senior Statutory Awlttor) for arml on behalf of HLAS Awjil Lirnii¢d Suiie I, The Riverside Building Livingstone Road Hessle HU130DZ D*e". Pag¢ 16 Plrttwthl Gym**sti¢s Club laThited St*tem¢nt Of Floandal AtliYi¢ks f•r the Year Ended 31 August 2025 2025 Unrewict¢d fund5 2024 Total funds Notes INCOME AND ENDOWMEM FROM Donations and legacies 1,190 3.792 Charitable *ttivitks Other Irading activitL¢5 Charitsble ttading activiti&% 43.503 1.043.142 50.955 994,439 Investment incom¢ Other income 15,091 2,501 12.045 4,257 Total 1,105.427 1.065,488 EXPENDITURE ON Chirltable *etivltles Charitable Charitablc trading adivities Ch￿l￿bI¢ direct spendin8 571,896 315.921 150,267 531.860 303,488 139,436 Other 5,555 38,803 Ttstal 1.043.639 1.013.587 NET INCOME 61.788 SI.￿1 RECONCILIATION OF FUNDS Total brought 835.960 784,059 TOTAL FUNDS CARIUED FORWARD 897.748 835,960 The ￿￿eS fonn part of dKse finwKial tyle￿￿tt￿ Page 17 Bxlxwjce SI￿¢ 31 August 2015 2025 2024 Totsl fimd$ Unrrstrict FIXED ASSETS Tan8ible &sscts 12 770.276 504,031 CIJRRENT ASSETS Stocks Debtors Cash at bank and in hand 13 14 24.465 22.903 367.837 11,134 11.704 589,023 415205 611.861 CREDITORS Amounts falling due within ¢)ne year 15 (207.423) (198,0311 NET CURRENT ASSETS 207,782 413.830 TOTAL ASSETS LESS CURJiENT LIABILITIFS 978.058 917,861 CREDfTORS AtrM)unts fallin8 due after than one ￿aT 16 {80.310) (81.9¥)1) NET ASSETS 897,748 835,960 FUIYDS Unr¢stri¢ied fimds: Unrestri¢¢ed fund Desi￿￿ted furyl 18 872.748 25.1KK> 411254 424,706 897.748 835.960 TOTAL FUNDS 897.748 835,960 The financial ststtmcnts wcre approved by th¢ Boord of Trustees atwj auth0ri5cd for i&we on a7.1. 0 ! ]..Lé....... a￿A weff sigrt¢d on its behalf by. H Walien- TTustre Tr ￿t¢S forni part of thc* fin￿181 State1￿ Page 18 C#sh Flow Ststtmtni for the Yexr Ended 31 A•gust 102$ 2025 2024 Noles Casb flows from opeY4tlng a¢tiviti¢$ Cash generaied from operatiows Ini¢Test paid 134.672 (5.421) 165,683 (5.371> Nei eash provided by opuatin8 aclivities 129.251 160,312 Ca8h flows frtsm l*Yestl*g aetfvllks Purchase of tangible fixed assets Sal¢ of tangible r￿ed assets Interest received (367.155) 3.120 15.091 (186,635) 2.512 12,045 Net cash used in investing activitie5 (348.944) (172.078) Cash flows from I1￿*0¢1n% xetlvltles Capital repaYn￿ll$ in year Lxase liability (1,493) 83.395 Net cash (uscd in)Iprovidcd by financing activities {1.4931 83.395 Change in ¢•$h Equivthjts In the r¢p(brtlng p¢rlod Cash aDd Cash equivalem15 at the beginning of the reportltsg perlod {221,186) 71,629 589.023 517.394 CAsh Cash eqwlv*l¢nts It the ¢4d of the repor¢ln8 wlod 367.837 589,023 The notes f(Km part of these financial statcnmts Pa8e 19 to Ihe C*sb Flow Statement for the Year Emded 31 A￿¥ll5t 2025 RECONCILIATION OF INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Ne¢ Ineome for the reportl•g perlod {u ptr the Ststement olFl¥*•d Adlvltles) Adju5trneDts for: tkpre¢iaiion dw (Profilllioss on disposal of fixed a￿ts Interes¢ received Itrterest paid Ilncreasellde¢rease in s¢0¢ks (Increasellde￿eaS¢ in d¢btOTS ItKrease in Creditors 61,788 51,9)1 IIXl,157 (2.367) (15,091) 5.421 {13.331) (11.199) 9.294 63,161 33,432 (12.045) 5,371 4.442 7,236 12.185 Nt¢ provided by operations 134.672 165.683 ANALYSIS OF CHANGLS IIY NET FUNDS At 1.9.24 Cash tlow At 31.8.25 Net eash Cash ai bank and in hand 589.023 (221.186) 367,837 589.023 (221.186) 367.837 Deb¢ Finatte leases (83,395) 1,493 {81.902) (83.395) 1.493 I81.￿2} 505,628 (219.693) 285.935 Page 20 for the Year Ended 31 Augu$11025 ACCOUiYTIIYG POLICIES Basis olpreparlNg th¢ f￿1￿¢411 statements The financial statements of the chan"table conwy, ￿1¢h is a public IKnefit ¢ntity under FRS 102, have been prepared in accordartt with the Chan"ties SORP IFRS 1021 'Accounting and Rep)rting by Charilies.. StatenKnt of Reromm￿ed Practice applicable to chan"ti¢5 preparing their accounts in accorda￿¢ with th¢ FiD8n¢ial RetKJrting Siandard applicable in the UK and Republic of Ireland (FRS 102) {¢ffe¢tive l January 2019).. Financial R¢Fx)rting Stathdard 102 Thc Financial Rep)rting Stsndard applicable in the UK Republi¢ of Ir¢land' a￿1 the Conwnics knt 20(￿. Th¢ fuw)cial statements have been prqmred und¢r the historical cost convention. MoDEtsry aft￿u￿￿ in thes¢ fuwKial starernents ate roun￿ ￿ the nearest whole £1. The financial 5ts*menis ore pres¢nied in sterling which i5 a150 the fjJttciioMI ¢unen¢y of the charity. **d futmrt as$￿*￿tIO The club h&$ adopled the reCoM￿￿￿￿tiOnS of 'sts*nxnt of ReC0mn￿nded Practice (SORP} - Aceounting and Retx>rtins by Charities- Mar¢b 2(K>5' 2Thl eonsideration 15 given to the major strategic, busine%5 and opeTational risks whi¢h the club faces. Potential rK%ks ￿ed by the club thiified. and the trustees and management team a&se5S thcse risks in order io mitigate Ihe Club's exp)SUTe. The tnL%tees r¢vi¢w risks on a regular basis. The chanry is a public ber￿fit entity. ltteome Natur¢ of Incorne Gros5 income rept¢%nts the value. net of valu¢ added tax and di￿O￿lts. of goods Provided tt) customers aThJ work ¢arTied out in respect of services provided to custonxrs. C*ltgorles of Income is categorised as incorne from exch8nge ttansa¢iions (¢￿tract Inco￿￿> and i￿Ome from non-¢vhan8¢ tsansaetions Igifis). inv¢smKnt irKonx and otheT I￿0￿c. IDcorne from exchange trnnsxtions is received by the charity for go[￿$ or services supplied UTwJer conlmt or where eniitl¢m¢nl is subject to fuifilliTh8 perforTWK¢ relA*d conditions. The irKome the chariiy r¢c¢iv¢s is approxirnately equal in value to the g(M)ds or services supplied by the cllarity to th¢ purchascr. Income from a rM)TKxchange t11n￿ is where th¢ ¢lwity receKves Val￿ from the doN)r without providin# cqual value in exchange. aThJ i]KI￿Je$ donations of nM)ney. ￿d$ athd seryices freely given without giving equal value in exchange. Income rtcognitlon Iwome. whether from exchange or non exchange tra￿￿ctIons. is r￿QgnIsed in ihe slatemtnt of financial tivilies (SOFA) on a Te¢¢ivable b&si5, when a transaclion or other event results in an increase in the ¢harity's assets or a reduction in its liabilihc5 and only when the chan'ty has kgal e￿illeMent, the in¢ome 15 probable ond can be tneasured reliably. ITKome subject to *rtfLS and conditions which mwt be met before the chatity is eniitied to the resources is noi rttognised until the Co￿lit10nS have been mei. All income is a¢¢ounled for gros& before deducting any Ic￿e￿I fees or ¢osts. Aetountlng for deferred lTh¢om¢ IDcoD￿ received adv*ttte Where tem￿ and ¢othdiuons relati118 to inco[r￿ have rKbt been or uncertainty exists as to whdher the charity can meet any terrns or conditions oihenwise withit) its control. in¢on* is not Yecognis¢d I￿t is deferred as a lthility until li is probable tbai th¢ fern￿ OT condition5 iryosed can be met. Pag¢21 Coniinued... Notes to ttse financial Ststements- ￿DI1￿med for the Year Ended 31 Auglyt 2025 ACCOUNTING POLICILS- Income Any grant is subieet io perfornthnce-teiated cwlitiow rffeived in ￿vAnCe of delivering the g￿dS and services required by thai condition, or is subjeci to unmet conditiows wh)Ily thc control of the recipient charity. is xrounted for a5 4 liability and shown on the baian¢e as deferrd income. Deferred irKome is rekased to income in th¢ reporting pen(Kl in which the perfornwtt-T¢lai¢d or othei ¢onditioLs that limit recognition are rN. When income from o grthi or donation IMS not beah r¢¢ognised due to the coThJttions applying to the gift not being wholly within the control of the recipient clthrity. it is disc105ed as a Contingent assei if receipt of 8rant or donation is probable on¢¢ thox CO￿J1t10￿% are ￿£1. Where lime telated conditions are imposed or irnplid by a fimder, then is apportioned to the tin periods concerned,and, wlw¢ an)liublc, 15 arcountcd for a5 a liability and shown on the balance sheet &s d¢ferted income. When grants arc received in adVa￿e of th¢ ¢xpeThJittwe on activity fimd¢d by the￿ bui ther¢ ar¢ no 5￿cifiC tim¢ relat¢d ¢onditions. then the I￿¢)[￿ is not deferred. Any condition that allows for th¢ recovery by the donor of any unexpended pan of a grant doe5 not preveTht recognition of the income concerned. but a liability to any repaymeni is recognised when repa￿1 becomes probable. Expenditure Rec￿nitIon Of ]1¥bi]itKs amd e4benditxr¢ A liability, and the related ¢Kpenth"ttw¢. L5 r￿O￿niSed Tthn a Icgal or obligtion exists as a resuli of a past event. when it is more likely than tKJt that a ¢r3nsfrr of ecornmie b￿Crits will be Tequired in settl¢nKro a￿A the anK*unt of the obligation can bc rn￿ured or wliably estimated. Liabiliiies arising from fikn funding ¢OmTtuthJents and corsIn￿lIVe obligaiions. iTKluding performance related grdnts. wherc the tirning or the atTh)unt of the fvnjre eX￿￿j11u[c required to ￿e the obligation are unttrt8in. give rise to a provision it) th¢ ac¢owiw ￿1¢￿ is reviewed at the acco￿11￿& y¢ar eThJ. The PTovision is inCre￿d to reflecl any irKfvd5e5 in liabilitie& and is dectta5a by the utilisaiion of any provision within the period. and reversed ilany provision 1$ ￿ longer wurd. Th￿¢ ￿Verner￿ are charged or credited to the respecttve fillMIs and activities to which thc provision relates. As the chanty has, wbsthniially. ￿lY one Ictivity. all corts have aUo¢a¢ed to that activity. except for directs costs offundraising atxl governantt ¢osts. TaThgthk Ilud 8swts tkprtria¢ion 1$ provided •1 thE followin8 zllnuai rates ID wder ￿ vnite off each &sset ov¢r its ¢5timo*d useful life. Im8 Icasehold Inyrovements 10 PTQPtrty Plant and machinery Off￿¢ equipn*nl OV¢T length of lea%c 7.5Y• on cosi 2(P/• on cost 20Y• on c05t The charity have a policy of capitalising any equipnrot 8[￿¢r than £5(Kl. this i1￿1th any computer equipment above £500. Right of use *sset The Charity have cknsen to carly adryt the new FRS 102 $￿ts"ort 20 and have therefore assessed that the lease of laThJ is a righi of use asset. As a rc5ult the It￿ h&$ F*en at the present value of tsnpaid Itase pa￿ts over the lease le￿ dIS￿l￿¢d using & risk-frec rdte. The It￿ liability ha$ then bcen rxognised btheen ¢urrertt and long tcrrn liabilities. Page 22 continued... Pinewood GyNws1iu aub Llmited N•te5 to the Fim*Kial St*tets￿ts- tootlnued for tht Ye*r Ended 31 AMgty$t 2025 ACCOUNTING POLICIES- Tan￿ble tlxed The lew asset has been depreciaied in line with the of th¢ le35e term atwj will be subject to an annual inwainneni review by th¢ tr￿tees. Siocks Stock is valued ai the lower of cost and net realisable ￿lUC. after making due allowdnccs for obsokie a￿j slow moving ilems. T*x*¢io The TTUStees consider that the charhty satisfies thE tests sei ¢)￿ in Paragraph I, Schedule 6 of the flnance Act 2010 for UK corporation tax purpises. Accordingly. Ihe Charity is poteniially cxewt from iaxaiion in r¢sp¢ct of incotTK or capital gains rettiv¢d within categories covered by chapier 3. port 1 l of the COr￿[all0￿ Tax Act 2010 or Section 256 of the TaxatLOD of Chatgeable Gains A¢t 1992, 10 the exient that s￿h iTKome or gains are applicd exclusively on the spttific ¢haTitable objects of the charity aThJ foi no other purtx)se. Value Added Tax is noi rttovernble by th¢ charity. a￿1 15 therefore in¢ltyJed in the relevant costs in the Stat¢nKnt of Financial Aclivitles. Fund actouAting Unrrstrirted funds ¢an be ￿ed in accon1a￿e with the charK¢able objeciives 01 the discretion of the trU￿ce& Restricted fimds can only be used for particular restricted purwyses wiihin the objects of the clwity. Restticiions arise when specificd by the donor or wl*n funds are raised for particular restricted purposes. Further explanation of the natu￿ and wpose of each fiuKi is I￿luded in the Trjtes ￿ the financial stalenxnts. Hlr¢ pur¢h85¢ And leaslng The interest element of these obligations is CP￿ to the State￿￿nt ol Fin￿￿]￿1 A¢iivities over the relevant period. The Capital element of the futwe payThMts 15 treated as a liabiliry. Rerttals paid 0￿￿tIng Ica5es arr chargcd to the SthienKnt of Fina￿la1 Activities on a Straight line basis over the period of ihe lease. Other polici D¢5igmated Funds The ¢hariiy has designated certain flxcd &*et fuThJs as allributable io r￿ed assets that wcre rA]r¢hased wii Th¢ d¢sigr4ted r￿ed a￿1 fijnd represents purchas¢ cost of the Gyin and OffKe equipment. SiTnilarly, when r￿ed assets are acquired, ttaNfers will b¢ fornh u1￿¢S1￿cted fur¥ls to ¢ksign3trd asset Mejnbership subscriptki The itKome and any asso¢iated Gift Aid or other tax refuTwJ from a merthrship subscription rettived by ihe charity in the nature of a gift. is accoun*d for on the basis &s a donalion. Th¢ in¢ome from a membership subscn"ptioD ￿ceiVed by the ¢lwity where the subs¢riNion purclw¢s the ri8ht to services or benefits is re¢ogniwl &$ income from clwhtable activities. Volunteer5 In accorda￿¢ with the SORP. and in recognition of ¢hE diffi¢uiiies in placing a mor￿tary value on th¢ contribution from volunteers, the contribution of volun*ers is iDclwled within the income of the ¢lwi'ty. Pa8e 23 continued... Notes l• the Fl**tstlal Si#tem¢nts- for the Yur Ended 31 A•gll￿ 21125 ACCOUNTING POLICILS- ¢•Mthiued Other polici Debtors DebtOTS aTe me8surcd at their recoverable anKJunts ai the ￿lance sl*d d81e. Credltors #Md provkioDI Liabilities are in¢luded for the provision of the ￿￿tfloW of fimds in relaiion 10 the following classificatio￿.- Liability". whe￿ there is a deflnite commitment lo an 0￿floW of e¢orKimic benefit with a ktK>wn valu¢ Provision- Arising from 2 present obligation to pay a thitd party arising from a pa# event. Where the a￿￿U￿1 is t￿t knts￿ a r¢a50nable estimate is made. Commitment _ Arising from a th¢i$ion tts cornrnit to a liability. but whe¥e h8s slartcd and no payinent has been tnade. whert a c￿tr￿t may have been entered into. EsthDit¢s ADd Estimates and judgements are continually evaluated a￿{ ar¢ Imstyj on hLStorical experience and oth¢r factors. including expectaiiow of fvtyre events th41 believed ¢0 be reasonable under the ¢ircwnMan¢es. Alihough the￿ cstiTnales are based on the Charitys best knowledge of tk an￿unt. evcnts or actio￿, actual r¢sul ultimately diff¢r fr¢)m thes¢ esiimiies. Tr Chan"ty docs not con%idcr there to be any maten*l ¢stimwtf5 and judganents. Fiti#Atial kn$tr¥memts Th¢ charity only has fuut)¢ial assets and financial liabililies of a kind thai qualify 45 basic financial itLstrurnit$. Basic financial instruments, including trade and other debtor5 and crcditor8 ar¢ initially recogniscd at trdnsaLlxon value and subse4uendy ￿KaS￿red at their s¢ttlenxni wal￿. Wthdlmg up dtssol•thtt of th¢ ¢harlty If upon winding up or dissolution of the clwity thete re￿Ir$ any assety aft￿ the ￿lISEd¢110n ofall debts and liabilitir& the assets rqKescnted by the fund shall be tra￿r¢￿ted to other ¢hariiable body or Fxbdies having similar objects to the charity. DONATIONS AND LEGACIFS 2025 2024 Donaiiolls 1.190 3.792 INVESTMEf4T INCOME 2025 2024 Inter￿1 r¢c¢ivable- trading 15.091 12.045 Pag¢ 24 continued... P5thewotsd Gywn*stiu aub Limited N4)tu to th¢ FITrWl￿ statements-t•￿tI￿wed for the Year Ended 31 August 2025 INCOME FROM CHARITABLE AcfiviTILS 2025 2024 Activity Other trading activities Chatitsble trading activiiies Charitable tradin8 activities Charitable trading adivities Charitable tradin8 aclivities Other income Squad income Rec income Other codchin8 incoine er income 43.503 236,417 S 19.672 137.039 150.014 50.955 221,588 489.468 138,096 145.287 1,086,645 1.045.394 CHARITABLE AcfivITIES COSTS Suppon Costs (stt noie 6) Costs Totals Chan'table Clwi'tablc trading Ktivities CThdTiiable direct ynding 104.924 315.921 150,267 466.972 571.896 315,921 150,267 571.112 466,972 1,038.084 SUPPORT COSTS EnNJlo costs Financial costs Professional Governance costs Totals Other resoutces expa¥led Chariiable 134 117.327 134 466.972 330.101 10.399 9.145 330.101 117.461 10.399 9,145 467.106 Supp)rt cosls, ilKI￿a¢d in the alx)ve. we ￿ follows.. Enwloytt eosts 2025 2024 Tothl Charitablc ctivhties Admin salaries Siaff Costs Rent, rale5 & InsUra￿t5 218.132 21.068 12,932 17.420 6.519 36.549 17,481 214,451 17.340 12,336 18.603 5.814 43,141 15.734 TeleplK>ne. priniing & stsiionery Mainrenan¢¢ & ¢l¢aning Accounting & compuler costs 330.101 327,419 eorttinued... Pintwood Gymm*stiCs Club limitrd Notes lo lh¢ fw*D¢ial St*tem¢Nts-eoThtlttued r•r the Year Emded 31 AW 2015 SUPPORT COSTS * eomtmued Fllla*elAI eosfs 2025 2024 Total a¢tiVilies Total a¢tivities ex￿thd Chritabk Bank & related chargcs Other expenscs Depteciatton of tartgible fixed I￿$ L(w on sal¢ of r￿ed assets 16.435 735 100,157 16,435 735 100.157 14,456 1,510 63,153 33,432 134 134 117.327 117,461 112,551 Professl•nal fees 2025 2024 Total adivits¢s Charitable Professional fees Equipm¢nt Wsts 5.685 4,714 5250 6J14 10.399 11.764 GDverRaDce costs 2025 2024 Totsl activities Charitable Auditors. remunmtson 9.145 8,706 NET INCOMEI(EXPENDITURE) Net incom&lexpa¥litur¢) is $tst¢d alkr dwginW(¢rediting}". 2025 2024 tkpre¢iation- owmed assets Hrre of plant a[￿ rnachinery swpIu￿ld¢rl¢iL) on disposal of fixed asse A￿litorS temur￿tIon for non4￿111 w(ffk 100.157 26,753 (2.367) 3,784 63,152 22,590 29.175 Page 26 continued... Pi*ewoDd Gyw*sties Club LAmited Notes to Iht FlnAD¢lal St*t¢rnents- continued for the Year Ended 31 Aup5t 202S AUDITORS. REMUNERATION 2025 2024 Ftts payable io the ¢hority5 a￿1110[$ a￿1 their asso¢iafr5 for the audit of the charity's fIna￿lat stalements 9,145 8,706 TRUSTEES, REfvIUNERATION AND BENEFITS There wcre no trustees, remuneration or other i*rtefits foT the Jtar ovjed 31 Awt 2025 nor for the year ended 31 AugLL%t 2024. Trwlee5' eiptfjses Th¢r¢ no trwted expelL￿ paid for the year ¢￿jEd 31 Augu￿ 2025 nor for the year en¢kd 31 August 2024. STAFF COSTS 2025 2024 Gr05s Wages Social S¢¢uriiy Costs Emplo￿15 P¢nsioD 617.054 39,038 10,622 605.177 41,769 10,538 666,714 657.484 No employees received enployee benefits of nve than £60.(￿ in the ￿l2024- also llil). Staff costs ewlumetsts (eoii¢illuedl Numbets of full time employees or full lift￿ ¢quival¢nts 2025 2024 The average of iotsl sthff eny10￿d in the yrar w&s 78 78 The avera8e nurnber of part stsff ¢￿)10Yed in ihe year wag The average number of full time staff enwloyed in the yur was The estirnated full tirnc equivalent numberof all employoj in th¢ yeaT 66 12 20 68 io 20 The estirnated equivalent numF*r of full lin* stsff thployed in differ¢ni a¢uviii¢s in the year wa5."- Engaged on charitable aciivi(ie$ Enga8¢d on man8gemeDi and administratiort 15 Th¢ estimated full time equivalent nurnber of all cnyloyd ill th¢ year 20 20 Neither the trustees nor any persons ¢onne¢ied with ihem have ￿e1Ved any remuneration from the charity or any relaied eniity or been ieimbursa any expensffj either in the Current year or prior year. Defined eothtrlb*tloM pthslon schemes The charity oper&tes a defined perLsion Sche￿￿. the costs ofwhich are shown at#)ve. Commitments under the 5cheTne for the ￿ ahead a￿ shown in note 19. Any liabilities and assets a&socia*d wilh the scheme are showm under deb￿lS and creditors. Page 27 continued... ot¢5 to the fin%n¢ixl St*temtnts- ¢•DdMued for the Yur Ended 31 Augll5t 2025 11. COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACIIVITILS Unrestricted funds tNCOME AND ENI)OWMENTS FROM Don8titsA% and legacies 3.792 Cbarit*ble *etivitie% Other trading aciivilies Charitable trading acliviiies 50.955 994,439 inv¢sknn￿t income Other I￿Ome 12,045 4257 Tot i.thS5,488 EXPENDITURE ON Charitable aftiviti Charitable Charitabl¢ tradin8 acijvities Charitsble direct syending 53 1,860 303.488 139,436 Other 38,803 Tot 1,013,587 NET INCOME 51,901 RECONCILIATION OF FUNDS Totsl funds brought roTw￿d 784,059 TOTAL FUNDS CARRIED FORWARD 835.960 continued... Pillewood Gymwtics Club L4wlted Note5 to the Fim*Dci¥l StatemEnts- eoththiued for the Ye*r Ethded 31 Amellsl 2025 12. TAIYGIBLE FIXED ASSETS Loog leasehold io Plani aNI machinery oirice equKpment property Totsls COST At I S¢pt¢mber 2024 Additions Disp)sals 82.635 460.397 224.285 372.782 141.851 (64,967) 30,316 1.019 946,130 367.155 (64.967) Ai 31 August 2025 82.635 684.682 449.666 31.335 1,248.318 DEPRECIATION Al I Sepiember 2024 Charge for year EIiTninakd on dis￿$21 3,305 3J06 181.649 46,015 230,372 49,628 (64.214) 26,773 1.208 442.Iy)9 100,157 {64.214) At 31 Au8USt 2025 6,611 227.664 215,786 27,981 478.042 PIET BOOK VALUE Ai 31 August 2025 76.024 457.018 233,880 3.354 770.276 Ai 31 August 2¢r24 79.330 278.748 142,410 3.543 504.031 13. STOCKS 2025 2024 Stocks 24.465 11,134 14. DEBTORS: AMOUNTS FALLING DUE WITHIiY ONE YEAR 2025 2024 Trade debtors Other debtors PrepaynKnts and a¢¢n￿d incom¢ 929 5.332 16.642 926 10.778 22.903 11,704 Page 29 continued... for the Ye*r E￿Ied 31 Aug•st 2025 15. CREDITORS: AMOVNIS FALLING DUE WITHIN ONE YEAR 2025 2024 Finlnce legsts (see note 17) Trade credLIOIS SLKial security arKI othcr tsx¢s Ac¢n¥ls and deferred income 1,592 5.246 2,244 198.341 1.494 8,731 2.106 185,700 207.423 198,031 Deftrred IDcoine- Umr¢slri¢t¢d •nd D¢slw¢ed lu*ds Openlng Defemls Rekased Recelved frnm prlor rtteived yu In year Deferred at yeir ethd Fees and eharges receivd in advatt¢e 166.505 (166.505) 170,412 170.412 Tol*l 166.505 (166,505) 170,412 170,412 2025 ZQZ4 TI￿e d¢ferral$ ar¢ included in creditors 170.412 166.505 These defemls irtcluded in creditor5 relate to income specified by the fwmkts a5 relating to 5pccific petiods and represent thox parts of wwestri¢ied fimds which re]ate to pcri(th subwucnt to the attounting year rnd and are treated as inromr in adva￿¢. or. aliern&tively. there there are conditsons which must be fvlfllled prior to entitlernent or w of th¢ unre$￿ted by the clwity. 16. CREDITOKS: AMOUIYTS FALLING DUE A￿ER MORE THAN ONE YEAR 2025 2024 Finance lea￿ (see note 17) 80.310 81.901 17. LEASII¥G AGREEMENTS Mininmun lease paytMhi$ wxkr finance kasc5 fall due as follows: Finance leases 2025 2024 N¢t obligatioTrs repayable: Within one year B¢twe¢n one aNI five years In more than five year5 lJ92 9,651 70.659 1,494 9,062 72,839 819)2 83,395 g¢30 continueiL.. Not¢5 to ihe F￿•￿tI¥l StsternEttts- eontimlled for the Year Ended 31 AMgw12025 17. LEASING AGREEMENTS- ¢ontimied The above l¢asing agree￿￿1 is ill Telatlon to a fina￿e lease held for th¢ rental of the Gyni thai ihE club occupy. The agreed Ica5e lerm is over 25 years. paid q4Jart¢rly. and in accordanc¢ to FRS 102. the le&se has been re¢ogni$¢d in th¢ financial suternenls at it5 discounted value using an approved interest rate of 6.50/. It is thert released yearly. wilh all adju51mEnt5 rwogn15ed through the SOFA as depreciation and interesi ¢harg¢s. MOVEMENT IN FUNDS Net Transfers nxjvement betwetn At 31.8.25 At 1.9.24 Unre5trlcied Unr¢s¢ricted fund tksignat¢d fiwd 411,254 424.706 61.788 399,71 (399.7061 872,748 25.0(KJ 835.960 61,788 897.748 TOTAL FUNDS 835.960 61.788 897.748 Net llK)vernent in futyjs. I￿luded in the above aTe as follo I￿ornIng Movement in ￿TrdS e4Knd¢d U#restrieted Unrestricted fw .105.427 (1.043.639) 61.788 TOTAL FUNDS 1.105.427 (1.043,639) 61,788 Conwrxtives for fllmds Net moven*nt in fvnds Transfers b¢￿en At 31.8.24 At 1.9.23 Unr¢stri¢ttd fvnds Unrestrieted fimd tksignated futKI 4W,156 383.903 51,901 {40,803) 40.803 411254 424,706 784.059 51,901 835,960 TOTAL FUNDS 784.059 51,901 835.960 Page31 continued... Pimew•)od Gynw*stiC5 Club IAmited Notts i• the FINsneial &at¢ment$- ¢ontln•ed for the Ye*r Emded JI August 2025 MOVEMENf Iiy FUNDS- ¢•*titiued Compantive net in fimds. iticluded in thc a￿ve are as follows: Ir*omu)g Resowces exrEThled Movernent in fvThJs UNrestritted fmnds Unrestricted fi1￿j 1.065.488 {1.013.587) 51.901 TOTAL FUNDS 1,065,488 {1,013.587) 51.901 A ¢UTrent ￿ar 12 aThl PTior 12 Combined is a5 follows: Nct Traosfers At 31.8.25 At 1.9.23 in fimds Vnrestrleted f¥nds Unre5tricled fund Designated fijnd 4(K).156 383.903 113.689 358.￿3 lJ58,9)3) 672.748 25.(K>O 784.059 I 13,689 897,748 TOTAL FUNDS 784,059 113,689 897.748 A ¢urtent y¢ar 12 and prior year 12 nx)nths co1￿1￿1 net rnoven*nt in fvnds in¢lud¢d in the above are as follows.. ResourEe5 MovellKnt expetMLed Unrestrlcted 2.170.915 (2.057226) 113.689 TOTAL FUNDS 2,170,915 (2,057.226) 113.689 Page 32 cotttlnued... Pinewood GyJnm*5ti¢5 Club L4Thit¢d Notes to tbe fi•aDci*I St¥temexts- tontiDued for the Ye*r Ended 31 Allysl 2025 19. EMPLOYEE BENEFrr OBLIGATIONS 21125 2024 Prnsion comrnitTrMiS defined coniribwion schetw: Wiihin on¢ Jtar 10232 10,329 10232 10.329 zo. RELATED PARTY DISCLOSURLS In 2025, the Club maTrage￿ g(wJ daughter carried aid eveni * Pine￿. The Club paid £3,431 (2024 - £2.2341 to Insplred 4 Life (god daughier'$ ¢onwany). Four PinewY)(wJ eryloyce5 arc relatcd io hvo of the tnwees aMI are paMI inltnc with rates approved by the tx)ard. The Club Manager aThl a Coach Tun the BerkshiT¢ County GYn￿a￿1rA Association. The a&socistion two events at Pinew(N)d during the year and Pin¢w(N)d charge t1￿ for hire of the gyn4 all la￿ and ¢harges ar¢ at arn￿ length.. A pr¢vi(Trw chair, Peter Holbrow (resigned I I September 2023). is the director ol Pollmon El￿triCal Services Ltd. This company quoted ftii at)d was seleued io w oul r¢m¢dial ekctrical wotk5 al Pinewood in th¢ y¢ar of £nil12024- £9,744) all work was quoied for at arm5 lewh. 21. ULTIMATE CONTROLLING PARTY The c￿rity is ihe control of its legal nymbers. Every Member of the Charity is oblig¢d io ¢ontyibuie su¢h anTh)unt as may be required exceeding £1 to the osseis of the conwany in the event of being woutKI up while h¢ or sh¢ is a member. or within ott year after he or she cea5e5 to be a ¥neTnkn. 22. FINANCIAL COMfvIITMENTS UNDER OPERATINC LEASES Al the year t￿1, the clwity had commimxnts under nOn-￿Iling operating leases as s¢1 oui klow: 2025 2024 Net obligatiolls payable.. Within two to five Itars In over five years 5,801 11.289 5.871 7.588 17,090 13,459 Page 33 continued... Not¢s to tb¢ ￿￿10¢1%1 St•temeits- eontlttued ror the Year Ended 31 Aug￿( 2025 DESIGNATED FUNDS Tordl Fu]d5 2025 Last Year Totsl Funds 2024 At 1st Septc TransftT {toVfrom revet)w ac¢umulatyJ fiTrJs 424.706 (399,706) 383,903 40,803 At 31st Augw¢ 25,(M)O 424,706 Th¢ pyrpos¢s for tk¢s¢ fuwjds have been de*uted •re deserlbed beltr*: These #re held for n*din8 the objectivas of tbe charity, and to provide reserves for firture activitiu and. subje¢t ¢0 ¢han"ty kgislation. are free from )11 ￿sITICI10ns on their use. Unrestri￿￿ Reven￿ Funds Des1￿￿ted Fixed Asset Funds The p￿pOSe of these funds is dcscribcd under the accounting ￿l1¢Y 'Accounting for capitrl grants and fixed asset fin¥Js'. S•mM#ry of futtds: UNestri¢trd Restricted Total IASI Year Total Funds D￿"£tha￿d Funds 2025 2025 2025 2024 Revenue accumulated fimds Revenue designated fimd5 872.748 25,￿) 872.748 25.￿0 41 1,254 424.706 T•t*l fuj 897.748 897.748 835,900 Pa8e 34 Pille￿￿d GyMll*sties Club Lamiled Drtalled StstemtTht •f ￿￿1)¢141 Adivities for the Ytxr Ended 31 Awgu5t 2Q25 2025 2024 INCOME AND ENDOWMENrs Donations And Iwdes Donations 1.190 3.792 Investment IDcome Interc5t receivable- trading 15.091 12,045 Cbsrltable actfvlties Squad income R¢¢ income Other coaching iTKomr Other I￿ome 236.417 519,672 137,039 193.517 221,588 489,468 138.096 196242 1,086.645 1,045,394 Other Income Gain on sale of Wbgible fixed awts 2,501 4,257 Total lth¢o*iDg res•wr¢es 1.105.427 1.065,488 EXPENDITURE Ch#rlt#blt *¢th4tks Insuran¢¢s Other direct costs Advcrtising Squad salaries (hher salaries Rec salari¢s 4.423 104.924 779 238.599 76.543 145.844 5,825 104.852 2.244 227.882 73,362 133,611 571,112 547,776 Other FinarKe costs 5.421 5.371 s￿pport Employee costs AdmiD salaries Staff Costs Rent, rates & insuranccs 218.132 21.068 12.932 17.420 6,519 36.549 17,481 214,451 17.340 12.336 18,603 5.814 43,141 15,734 Telephone, printing & statiortry Mainienan¢e & cleaning A¢¢ounting & computcr costs 330,101 327,419 This page docs forni part of Ihe ststtrtory fina￿la1 statcnxnts Page 35 Pinewood Gymwtiu Club tAmited Drt*iled StstenKnl Of FID•Md*l Atllvilies for the Yur Ended 31 August 2025 2025 2024 Empl￿¢¢ ¢osts Finantial costs Bank & related eh8r8es Other expetsses D¢preciation of tangible fixed a￿ts Loss on sal¢ of ￿n￿b]e fixed asse 16.435 735 100.157 134 14.456 1.510 63.153 33,432 117.461 112.551 ProfessloThal fees Professional lees Equipn￿l costs 3,685 4.714 5250 6,514 IOJ99 11,764 Gover￿an¢e costs Audiiors. remunerthion 9.145 8.706 Total resowces expended 1.043.639 1.013,587 lttc•tne 61,788 51,901 This page th)es forni w of the sthtutory financial statuw Pag¢ 36